Toys R Us Inc.

ON THE RECORD - EARNINGS

May 18, 1993

PARAMUS, N.J. — Toys R Us Inc., the nation's largest toy retailer, said Monday its earnings jumped 25 percent in the latest quarter, because of strong U.S. sales of toys and videos. In its fiscal first quarter ended May 1, the company said it earned $35.4 million on sales of $1.3 billion. The results compared with earnings of $28.3 million a year earlier, when sales were $1.2 billion. The company, which operates stores in Central Florida, said U.S. toy sales rose 2 percent. The company said it plans to open 40 toy stores in the United States this year and 60 toy stores internationally, including its first stores in Belgium, the Netherlands, Portugal, Switzerland and Australia.